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Purv Flexipack IPO listing: 266% premium over issue price. Check details here

Purv Flexipack IPO listing: Purv Flexipack IPO opened for subscription on February 27 and closed on February 29.

Published on: Mar 05, 2024 10:33 AM IST
By HT News Desk
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Purv Flexipack IPO listing: Purv Flexipack share price had a listing with 266% premium over the issue price, at ₹266 a piece on the NSE SME. The initial public offering received a strong response as it was subscribed 421.78 times.

Read more: Virat Kohli, Anushka Sharma-backed Go Digit gets Sebi nod to launch IPO: Details

Purv Flexipack IPO listing: The IPO listed on March 5. Check details here
Purv Flexipack IPO listing: The IPO listed on March 5. Check details here

In the retail category, the public issue was subscribed 448.73 times while it was subscribed 157.32 times in the QIB and 690.72 times in the NII category.

Read more: Sona machinery IPO opens: Price band at ₹136-143, check latest GMP here

In the Grey market premium, the IPO stood at ₹130- trading at a premium of ₹130 over the issue price in the grey market, as per investorgain.com. Owing to this, Purv Flexipack IPO was expected to list at ₹201 apiece- 183.10% higher than the IPO price of ₹71.

Read more: Platinum Industries IPO listing: Debut could be at 50% premium. Check GMP here

Purv Flexipack IPO details

Net proceeds from the IPO will be used by the company to finance working capital needs, general corporate purposes and repaying certain current fund-based borrowing, it said.

 
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HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

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